Salem Media Group (NASDAQ:SALM) Earns Hold Rating from Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Salem Media Group (NASDAQ:SALM) in a report released on Wednesday. The firm set a “hold” rating on the stock.

Salem Media Group Stock Performance

SALM stock opened at $0.40 on Wednesday. The stock has a 50-day moving average price of $0.36 and a 200-day moving average price of $0.47. Salem Media Group has a 1-year low of $0.24 and a 1-year high of $1.08. The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt-to-equity ratio of 1.16. The firm has a market cap of $10.83 million, a PE ratio of -0.24 and a beta of 0.84.

Salem Media Group Company Profile

Salem Media Group, Inc operates as a multimedia company in the United States. It operates through three segments: Broadcast, Digital Media, and Publishing. The company owns and operates 33 FM radio stations and 70 radio stations; offers programs on the Family Talk Christian-themed talk format station on SiriusXM Channel 131; provides programming to Christian and family-themed talk stations, music stations, and news talk stations; places advertising on Christian and talk formatted radio stations, and other commercial radio station formats; and operates Salem Podcast Network, a platform for conservative, political, news, and family-oriented podcasts.